SEC Form 4 · accession 0001179110-17-013823
COHERENT INC · COHR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin S. Palatnik
Officer — Chief Financial Officer
Period of report
Nov 3, 2017
Accepted (ET)
Nov 7, 2017 · 6:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000021510
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Nov 3, 2017 | A | 2,997 | $0.00 | A | 6,765 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Restricted Stock UnitsF3 | $0.00 | Nov 3, 2017 | A | 2,505 | A | — | Nov 3, 2020 | Common Stock | 2,505 | 2,505 | D |
Explanation of responses
- F1On November 3, 2017 the Reporting Person was granted 2,997 Restricted Stock Units which will vest in three equal installments on each of November 3, 2018, November 3, 2019 and November 3, 2020.
- F2(2)Includes (i) 2,997 shares of Restricted Stock Units; (ii) 237 shares acquired by the Reporting Person on April 28, 2017 pursuant to the Company's Employee Stock Purchase Plan; and (iii) 4 shares acquired by the Reporting Person on October 31, 2017 pursuant to the Company's Employee Stock Purchase Plan.
- F3This Performance Restricted Stock Unit award vests after the three year anniversary of the grant based on the relative performance of the underlying stock versus the Russell 1000 Index for the 90 trading days on and prior to November 3, 2020 versus the same 90 trading day period ending November 3, 2017. The number of shares in the table reflects the number of RSUs at target. The actual range of RSUs is 0-200% of the target number, depending upon what achievement, if any, results at the measurement date.